Nagatanien Holdings Co.,Ltd. completed the acquisition of remaining 40% stake in Broomco Limited from Japan Investment Corporation.
June 25, 2020
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Nagatanien Holdings Co.,Ltd. (TSE:2899) signed the agreement to acquire remaining 40% stake in Broomco (3554) Limited from Japan Investment Corporation on May 26, 2020. Post completion, Broomco will operate as a wholly owned subsidiary of Nagatanien. The transaction is expected to complete on June 26, 2020.
Nagatanien Holdings Co.,Ltd. (TSE:2899) completed the acquisition of remaining 40% stake in Broomco (3554) Limited from Japan Investment Corporation on June 26, 2020. Hannah Kendrick of Squire Patton Boggs (UK) LLP acted as legal advisor to Broomco (3554) Limited.
NAGATANIEN HOLDINGS CO., LTD. is a Japan-based food manufacturer mainly engaged in the manufacture and sale of Japanese-style instant food, Western-style and Chinese-style instant food. The Company operates in three segments. The Domestic Food segment manufactures and sells Japanese-style instant food, Western-style and Chinese-style instant food. The Overseas Food segment mainly produces and sells freeze-dried food and noodles. The Food and Other segment is engaged in the manufacture and sale of confectionery products such as cream puffs, recruitment of restaurant franchise chains, guidance of member stores, production and sales of take-out sushi, and other businesses.